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Sitharaman’s Budget focuses on capex sectors, defense indigenisation, renewable energy, and rail modernization. Sensex saw 5.7% average post-Budget returns. Best and worst Budget performances in 2021 and 2020. Strategic debt, private sector gains, and picks like UltraTech and NTPC are expected. Samir Arora sees continuity; Viability Gap Funding, and Infrastructure loan push capex.

​They should be bold and give around one-and-a-half lakh crores of relief to individual taxpayers because the multiplier on this is very high. So, one-and-a-half lakhs crores of tax break can actually lead to ultimate incremental consumption boost of nearly three times of that, four-and-a-half lakh crores.

Gold and silver prices at MCX saw fluctuations, with gold at Rs 72,838 per 10g and silver at Rs 89,012 per kg. Factors included Chinese rate cuts, US political uncertainty, and upcoming US economic data.

INDIA-MARKETS/INDIA BONDS-India benchmark bond yield flat in run up to budget; focus on FY25 borrowing plan

Route Mobile Ltd., incorporated in the year 2004, is a Small Cap company (having a market cap of Rs 10987.05 Crore) operating in Services sector

A total of 1,930 shares changed hands on the counter till 10:10AM (IST)

ITC leads Sensex stocks on Budget days with nine positive returns (avg. 1.47%). IndusInd Bank follows at 80%. Worst ITC day was in 2020 due to excise duty hike. Analysts foresee no further hikes; Prabhudas Lilladher raised ITC weight citing stable taxes and business growth. Motilal Oswal projects cigarette volume and EBIT growth.

Budget has been crucial given the kind of spending that the Government of India is doing in certain sectors and it has a direct impact on the stock market, which discounts every single statement and is reflected in prices.

Indian market’s volatility expected on Budget 2024 day. Nifty future down 0.05% to 24,517; India VIX up 4.18% to 15.44. Max Call OI at 25,500, Put OI at 24,000. Range predicted 24,200-25,000. Nifty Bank positive at 52,280. Taparia advises 24,500 support for upward trends. Experts recommend SBI, Reliance, Dabur for F&O and cash market.

I think there is a role the industry can play and if there are tax reforms that can help that process, that would be welcome. And in terms of equity, we play a big role in terms of long-term wealth creation for investors and so any tax proposals that help that process will also be, to my mind, a welcome step for the industry.